Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Assets: Liabilities: Cash $ 66 Accounts payable $ 249 Accounts receivable
A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands)
Assets: | Liabilities: | ||||||
Cash | $ | 66 | Accounts payable | $ | 249 | ||
Accounts receivable (net) | 179 | Other liabilities | 81 | ||||
Investments | 58 | Total current liabilities | 330 | ||||
Inventory | 202 | Long-term liabilities | 118 | ||||
Prepaid rent | 33 | Total liabilities | 448 | ||||
Total current assets | 538 | Stockholders' equity: | |||||
Property & Equipment, (net) | 263 | Common stock | 157 | ||||
Retained earnings | 196 | ||||||
Total stockholders equity | 353 | ||||||
Total assets | $ | 801 | Total liabilities and equity | $ | 801 | ||
The debt to equity ratio is: (Round your answer to 2 decimal places.)
Multiple Choice
-
0.93.
-
1.27.
-
2.29.
-
0.56.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started